Quarterly Minimum definition

Quarterly Minimum is defined in SECTION 5.5.3.
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Quarterly Minimum means $100,000,000.
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Quarterly Minimum is that minimum dollar amount, which VAR is obligated to pay each calendar quarter to VMARK as a VANTAGE SERVICE PROVIDER which is determined by and associated with each COMMITMENT LEVEL. "PRODUCT SUBLICENSE COMMITMENT" is that minimum dollar amount, determined by COMMITMENT LEVEL, which is paid to VMARK by VAR for all licenses of Product(s) in each product category (Database, Connectivity, and Tools) as defined in Addendum 1 made under this VAR Agreement, between VAR and VMARK during each twelve-month period beginning with the Effective Date, and each anniversary thereof. License revenue for products in one product category do not apply to COMMITMENT LEVEL of other product categories.
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Examples of Quarterly Minimum in a sentence

  • However, if the Accrued Quarterly Bounties to date in such Contract Year are less than the Quarterly Minimum Payments to date in such Contract Year, no payment shall be due iVillage for any bounties in such Contract Quarter.

  • If AT&T does not exercise its termination right under Section 10.3, regardless of whether or not the Clickthru Shortfall has been covered in such 3 month period Make Good Period, AT&T will resume making Quarterly Minimum Payments as of the next following Contract Quarter.

  • In the event and to the extent that Gatherer’s ratable takes prevent Producer from delivering its full Quarterly Minimum Volume obligation in such calendar quarter, then the Quarterly Minimum Volume for that calendar quarter shall be reduced by the amount of such shortfall.

  • Producer commits to deliver to Gatherer for gathering on the Gathering System in each calendar quarter during the Minimum Volume Period no less than the Quarterly Minimum Volume for each such calendar quarter.

  • If the volume of (i) Producer’s Gas, (ii) Third-Party Gas, and (iii) Gas from any Dedicated Reserves caused to be drilled by Producer either through acreage farm-out or non-consent ▇▇▇▇▇, delivered to the Gathering System in a calendar quarter of the Minimum Volume Period is greater than the Quarterly Minimum Volume, then such excess volume will be credited to the last volumes due during the Minimum Volume Period.

  • In the event of a High Yield Event Twist will, upon request by Customer, adjust down the Quarterly Minimums over the aggregate of the next immediate succeeding quarter to reflect such overage from the previous quarter’s High Yield Event “(High Yield Adjustment”), provided that in no case will the Quarterly Minimums be reduced below [***] of the original Quarterly Minimum for such month.

  • The distribution of products that makes up a Quarterly Minimum for a future quarter may be increased or decreased by no more than [***] at Customer’s sole discretion, so long as Customer provides prior written notice to Twist of such adjustment at least one quarter in advance; adjustments of up to [***] may be made at Customer’s sole discretion so long as Customer provides prior written notice to Twist at least two quarters in advance.

  • Failure to meet the Minimum Quantities during any calendar year due solely to Maxim’s fault shall not proportionally reduce the Quarterly Minimum Payments during such calendar year.

  • Notwithstanding the foregoing, should Customer fail to place more than [***] of the Quarterly Minimum set forth in Exhibit A for two consecutive quarters, Twist shall have the right to terminate this Agreement.

  • To the extent that any of Producer’s Gas is so released, there shall be a corresponding proportional decrease in the Quarterly Minimum Volume obligation for the remainder of the Term.


More Definitions of Quarterly Minimum

Quarterly Minimum has the meaning set forth in Schedule C.
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Quarterly Minimum means [***] gallons of Oil or such other number of gallons as is mutually agreed upon by the Parties.
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Quarterly Minimum means with respect to the Product in the Territory existing as of the Restated MSA Effective Date the dollar amount of the Product purchased by EUSA from Innocoll as follows: (a) for the third (3rd) Calendar Quarter of 2010, the Quarterly Minimum shall be ***, (b) for the fourth (4th) Calendar Quarter of 2010 and the first three (3) Calendar Quarters of 2011, the Quarterly Minimum shall be ***, (c) for the fourth (4th) Calendar Quarter of 2011, the Quarterly Minimum shall be *** and (d) for each of the next Calendar Quarters through the third (3rd) Calendar Quarter of 2014, the Quarterly Minimum shall be ***. Notwithstanding the foregoing, (I) during the first month of each of the Calendar Quarters up until the third (3rd) Calendar Quarter of 2011, EUSA may notify Innocoll in writing that ***, then within a reasonable time following Innocoll’s receipt of such notice the Parties will discuss and agree to ***, and further Innocoll shall have the right to negotiate ***, and (II) from and after the fourth (4th) Calendar Quarter of 2011, EUSA may notify Innocoll in writing that a ***, then within a reasonable time following Innocoll’s receipt of such notice the Parties will discuss and agree to a mutually acceptable *** in the Quarterly Minimum for ***, and further if EUSA (x) *** or (y) *** pursuant to this Section and *** in certain of those countries in the Territory other than the Western Europe Countries.
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Quarterly Minimum means with respect to the Product in the Territory existing as of the Restated MSA Effective Date the dollar amount of the Product purchased by EUSA from Innocoll as follows: ***.
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Quarterly Minimum means *** gallons of Oil or such other number of gallons as is mutually agreed upon by the Parties.
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Quarterly Minimum has the meaning specified therefor in Section 6.
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Related to Quarterly Minimum

  • Minimum Quarterly Distribution means $0.35 per Unit per Quarter (or with respect to the period commencing on the Closing Date and ending on September 30, 2005, it means the product of $0.35 multiplied by a fraction of which the numerator is the number of days in such period and of which the denominator is 92), subject to adjustment in accordance with Section 6.6 and Section 6.9.

  • Quarterly Period means the most recently-ended three (3) calendar month period for which the Borrower has provided financial information pursuant to Sections 6.01(a) or (b).

  • Quarterly Distribution means with respect to each Distribution Date, the distribution to be made to the Holders of the Up-MACRO Holding Shares that are Outstanding on the Distribution Date pursuant to priority sixth of Section 5.2(a), which shall consist of the cash on deposit in the Up-MACRO Holding Trust after it makes or receives a payment under the Income Distribution Agreement and makes all other payments or investments in Eligible Treasuries that it is required to make pursuant to such Section 5.2(a).

  • Quarterly Distribution Date means the last Business Day of the month following the end of each calendar quarter after the Effective Date; provided, however, that if the Effective Date is within 45 days of the end of a calendar quarter, the first Quarterly Distribution Date will be the last Business Day of the month following the end of the first calendar quarter after the calendar quarter in which the Effective Date falls.

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.